[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Benzinga [@Benzinga](/creator/twitter/Benzinga) on x 305.8K followers Created: 2025-07-14 00:59:50 UTC Donald Trump Jr. says his family's move into crypto wasn't about hype—it was about survival. In a interview with CNBC, he explained that after his father became president, he and his brother were suddenly cut off from the traditional banking system. “We were debanked,” he said. “That disappeared overnight.” Trump Jr. described going from having top-tier access to credit in New York to being treated like a financial outsider. That experience pushed the Trump Organization into crypto. “We got into it not because it was cool, but because we understood how quickly we could be shut off,” he said. The family has since invested in projects like American Bitcoin, USD1, and World Liberty Finance. Trump Jr. sees blockchain as a way to reduce inefficiencies in traditional finance, even questioning the need for things like title insurance fees. He also believes stablecoins could help reinforce U.S. dollar dominance. “Tether is the fourth-largest holder of U.S. Treasuries. That’s not small,” he noted. His family’s USD1 stablecoin is reportedly backed one-to-one with Treasuries. While distancing himself from the meme coin linked to his father, Trump Jr. said he's focused on crypto projects that offer real utility.  XXXXX engagements  **Related Topics** [banking](/topic/banking) [cnbc](/topic/cnbc) [donald trump](/topic/donald-trump) [Post Link](https://x.com/Benzinga/status/1944562446464643126)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
Benzinga @Benzinga on x 305.8K followers
Created: 2025-07-14 00:59:50 UTC
Donald Trump Jr. says his family's move into crypto wasn't about hype—it was about survival.
In a interview with CNBC, he explained that after his father became president, he and his brother were suddenly cut off from the traditional banking system. “We were debanked,” he said. “That disappeared overnight.”
Trump Jr. described going from having top-tier access to credit in New York to being treated like a financial outsider. That experience pushed the Trump Organization into crypto. “We got into it not because it was cool, but because we understood how quickly we could be shut off,” he said.
The family has since invested in projects like American Bitcoin, USD1, and World Liberty Finance. Trump Jr. sees blockchain as a way to reduce inefficiencies in traditional finance, even questioning the need for things like title insurance fees.
He also believes stablecoins could help reinforce U.S. dollar dominance. “Tether is the fourth-largest holder of U.S. Treasuries. That’s not small,” he noted. His family’s USD1 stablecoin is reportedly backed one-to-one with Treasuries.
While distancing himself from the meme coin linked to his father, Trump Jr. said he's focused on crypto projects that offer real utility.
XXXXX engagements
Related Topics banking cnbc donald trump